spec - it sure could. but one could miss a million great trading opportunities if one keeps hoping for it. be aware of it and keep following the trend. no point trying to guess the turning point - when it comes their will be enough indications to go short.
I don't think we are entering a risk aversion mode yet. there have been a number of mini dollar rallies in the last 6 months - nothing major. the bull structure remains intact.
Nov and Dec have been weaker months in 2007 and 2008 in a bear market - 2005 and 2006 they were higher - as we were in a bull run.
Not really a fan of Elliot wave theory - too many experts have totally different opinions on where we are in the wave structure, which mostly becomes clear once it has occurred, practical application to trade profitably appears to be limited.
I think whoever can predict and take positions for when this inverse relationship between dollar and equities will end will make some good money.
spec, gbp is not tradeable for me. If I am only able to justify moves after they have occurred then I stay away. One day we are bearish and the next day we say it is weak - both can't happen at the same time and at the same level. There is more to sterling's moves than this forum understands at this stage.
Radu, GBPAUD looks interesting on a break of 1.802 -but a pretty volatile pair to trade and one would be betting for AUD weakness and GBP strength. Look at the structure from Oct 7 to now.
Just got up - and discovered I got stopped out for a small profit. did peak over 91.5 then came back. Next time it breaks 91.5 by atleast 20 pips - the breakout will be quite strong and clean. I'll be waiting.
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
you should go short now if you believe this strongly.
good luck
however, very well marketed by prechter. I bet as is the case most times - he makes more money marketing the theories rather than trading them.
Nov and Dec have been weaker months in 2007 and 2008 in a bear market - 2005 and 2006 they were higher - as we were in a bull run.
Not really a fan of Elliot wave theory - too many experts have totally different opinions on where we are in the wave structure, which mostly becomes clear once it has occurred, practical application to trade profitably appears to be limited.
I think whoever can predict and take positions for when this inverse relationship between dollar and equities will end will make some good money.
Whats you view on GOLD now ? Do we see 1000 before we see 1060 ?
thanks
Vik
Radu, GBPAUD looks interesting on a break of 1.802 -but a pretty volatile pair to trade and one would be betting for AUD weakness and GBP strength. Look at the structure from Oct 7 to now.
Just got up - and discovered I got stopped out for a small profit. did peak over 91.5 then came back. Next time it breaks 91.5 by atleast 20 pips - the breakout will be quite strong and clean. I'll be waiting.
Vik
by today I mean monday - it is monday 1 pm in New Zealand. chfjpy has an atr of 85 - so i guess we will know today where this is going to move.
I will add to long if it clears 91.65
cheers
Vik